This blog is about life in Stillwater Oklahoma and also about real estate related issues that we see in Stillwater frequently. Home of Oklahoma State University, this is your site for up to the date information regarding Stillwater OK real estate, homes for sale, acreages, new homes and all real estate related articles.

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All data and information provided on this site is for informational purposes only. erastillwater.com makes no representations as to accuracy, completeness, currentness, suitability, or validity of any information on this site and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis.

The information contained in the articles on this, blog is the property of Doug Emde, Realtor. Comments posted in response to individual blog posts are the opinions of the respondents. Doug Emde, Realtor and ERA Emde & Associates is not responsible for the opinions, thoughts or ideas expressed by visitors to this blog nor for any liability for any damages or losses direct or indirect that may result from the use or reliance on information contained herein. The information provided is deemed reliable, subject to change but not guaranteed. This blog is provided for informational purposes only. Readers are advised to contact a real estate professional for specific counsel related to their individual real estate needs.

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Equal Housing Opportunity - Doug Emde, erastillwater.blogspot.com and ERA Emde & Associates Real Estate are dedicated to the spirit and law of Fair Housing for all home buyers and follows Fair Housing in employment and housing.

Thursday, May 29, 2008

What's the Deal?

Weekly, I'll be writing a What's the Deal column for this blog. This week's What's the Deal will address the national real estate "experts" that are quoted or interviewed on national news programs. First off, remember that the three most important things in real estate are: location, location, location. The most quoted index currently is the S&P Case-Shiller Report. The Standard & Poor's/Case-Shiller nationwide housing index focuses on major metropolitan areas and includes expensive properties as well as cheaper ones. The S&P/Case-Shiller indexes use only purchase prices gathering information from county assessor and recorder offices. Now the interesting thing that YOU will want to remember, the Case-Shiller report doesn't collect ANY information from Oklahoma! Location, location, location! The closest city that they gather information from is Dallas. Now think about this, if you had just been hired by Oklahoma State would you go home shopping in Dallas? So you might ask, what's the deal with all the news channels reporting that the housing market is terrible, down 14% this year, etc? Well, the deal is, in some cities during the past 10 years there have been huge upswings in value. Some markets are very volatile while some markets are more steady. Since the early 80's, Oklahoma has had a very steady real estate market. If you are wondering about the Oklahoma market you can navigate to www.whyrealtorswork.com and get current information regarding the Oklahoma market. If you would like information about the Stillwater market, drop me a note and we'll subscribe you to our monthly newsletter that includes the most current information regarding Stillwater's sales and listings. Need more information about your subdivision? Let me know and I'll get you overloaded with information........Doug@ERAStillwater.com